Bridge Loan to Purchase and Fix up a London Property

£275K Twickenham

A substantial refurbishment property can be a bargain – but securing funding can be tricky; that’s where bridging comes in.

The Scenario

Our property developer client had the opportunity to buy a property in need of substantial refurbishment, carry out the improvement works, and sell it on for a healthy profit.

But he didn’t have enough capital to fund the total purchase cost, and the building works. They approached a bank for finance but were turned down.

The Solution

We took the case to a specialist lender we have a strong working relationship with.

Definitions for refurbishment lending can vary from one institution to another.

This lender initially classed the remedial works as a heavy refurbishment, but with some persuasion from us about the interpretation of their criteria, they were prepared to re-classify the work as a light refurbishment.

Lending for light refurbishment is charged at a lower rate (reflecting the lower risk to a lender).

We were able to quickly raise £262,000 to contribute towards the purchase of the property, plus 100% of the projected refurbishment costs of £88,000.

Our client was able to complete the purchase and get the works underway.

Simple & easy
short-term finance

Whatever you need your next short-term finance loan for, we’ve got you covered. Let our friendly expert team find you the perfect tailor-made solution.

  • Upsizing
  • Downsizing
  • New Build
  • Investment
  • Refinancing
  • Renovation
  • Commercial
0800 368 9344

Call us now for your no obligation quote

Top UK rates from 0.41% per month

Bridging Loan Quote

Please provide your loan requirements

Please enter a loan amount

Please enter a property value

Simple & easy, specialist short-term finance

Chat to us now
or call us on 0800 368 9344